Laces Out: Payless is Closing Delancey Street Store After 6 Years

Posted on: February 21st, 2017 at 5:00 am by

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Payless ShoeSource is a goner.

The six-year-old store at 130 Delancey Street – inside the big-box base of the Blue condo – is closing in short order. Discount signs in the windows announce the closure and requisite sale, employing the tagline, “closing here but open near.” (The nearest location is 34th Street.)

Payless has apparently been on borrowed time since the fall. That’s when the Comprehensive Kids School passed on. At the time, Sinvin brokerage was retained to lease the base of Blue, and hoisted its tombstone banner signage to advertise the multilevel space. They’re looking for April 2017 availability. It’s unclear whether the longtime Children’s Place is likewise affected.

Store employees tell us that this location closes “sometime in March.”

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Payless reportedly signed a ten-year lease for 3,300 square-feet in March 2011, with an asking rent of $125 per square-foot. They opened three months later.

Carter Management Corp. acquired 130 Delancey Street in late 2012 for $21 million, according to public record.

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